BNP Paribas said on Wednesday that prosecutors were searching its Frankfurt premises as part of an long-running investigation into a multibillion-euro tax fraud scheme known as “cum-ex” and that it was cooperating fully.
German prosecutors said they have been conducting a search at a banking institution in Frankfurt since Tuesday in relation to cum-ex, without naming the bank.
“Like we already have done since the beginning of the investigation in 2017, we continue to fully cooperate with the public prosecutor according to legal requirements,” a spokesperson for the bank said.
The full article is available at https://www.reuters.com/business/finance/german-police-raid-offices-french-bank-bnp-paribas-frankfurt-handelsblatt-2023-01-25/